{"id":1396628,"date":"2026-05-23T16:05:01","date_gmt":"2026-05-23T13:05:01","guid":{"rendered":"https:\/\/prm.ua\/the-global-economy-is-threatened-by-a-repeat-of-the-2008-financial-crisis-what-is-known\/"},"modified":"2026-05-23T16:05:01","modified_gmt":"2026-05-23T13:05:01","slug":"the-global-economy-is-threatened-by-a-repeat-of-the-2008-financial-crisis-what-is-known","status":"publish","type":"post","link":"https:\/\/prm.ua\/en\/the-global-economy-is-threatened-by-a-repeat-of-the-2008-financial-crisis-what-is-known\/","title":{"rendered":"The global economy is threatened by a repeat of the 2008 financial crisis: what is known"},"content":{"rendered":"

A prolonged closure of the Strait of Hormuz due to a war between the US, Israel and Iran could trigger a global economic recession, with analysts warning that the consequences could be comparable to the 2008 global financial crisis.<\/strong><\/p>\n

This is reported by Bloomberg<\/a> .<\/p>\n

According to the consulting company Rapidan Energy Group, in the base case scenario, the price of Brent crude oil could rise to almost $130 per barrel this summer.<\/p>\n

Analysts note that if supply disruptions continue into August or longer, this could cause even greater demand reductions to compensate for the loss of oil supplies.<\/p>\n

Rapidan Energy Group believes that such a scenario could trigger an annual decline in global oil consumption in 2026. Analysts also noted that oil prices have almost doubled since late February amid the escalation of the war between the United States, Israel and Iran. This, they said, has increased the risks of simultaneously accelerating inflation and slowing the global economy.<\/p>\n

The company noted that the current macroeconomic situation is less critical than during the oil shocks of the 1970s or the financial crisis of 2007-2008, as the global economy has become less dependent on oil and central banks have more stable monetary mechanisms.<\/p>\n

At the same time, analysts have warned that further increases in oil prices could increase financial and macroeconomic risks. According to Rapidan Energy Group, if the Strait of Hormuz is blocked until August, the global supply deficit in the third quarter could reach about 6 million barrels per day.<\/strong><\/p>\n

Even after the possible resumption of shipping in early August, analysts predict the market will remain tight until September due to low oil inventories and the gradual resumption of exports from the Persian Gulf countries.<\/p>\n

It is worth adding that about 1,600 ships remain blocked near the Strait of Hormuz<\/a> , as shipping companies refuse to navigate the dangerous route due to safety risks and possible financial losses.<\/p>\n

Earlier, Iran said that safe passage of ships through the Strait of Hormuz is possible only under “new procedures”<\/a> after the suspension of the US military operation in this waterway.<\/p>\n

<\/p>\n

Recall that the US and Iran may soon agree on a basic agreement that should stop tensions in the region and open the way to full-fledged negotiations on the nuclear program.<\/a><\/p>\n

Also follow \u201cPryamim\u201d<\/strong> on Facebook<\/a> , X<\/a> , Telegram<\/a> , and Instagram.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A prolonged closure of the Strait of Hormuz due to a war between the US, Israel and Iran could trigger a global economic recession, with analysts warning that the consequences could be comparable to the 2008 global financial crisis. This is reported by Bloomberg . According to the consulting company Rapidan Energy Group, in the […]<\/p>\n","protected":false},"author":54,"featured_media":601292,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[76871,76872,76875,76892],"class_list":["post-1396628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-2","category-news-feed","category-other-news","category-economy"],"_links":{"self":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1396628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/users\/54"}],"replies":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/comments?post=1396628"}],"version-history":[{"count":0,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1396628\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media\/601292"}],"wp:attachment":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media?parent=1396628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/categories?post=1396628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}